insurance put on your home so protect your home and what's inside Insurance- help given to those in need of protection ; ex. health, home, car Comprehensive- completing all aspects of something Insurance benefit - insurance that gives you positive outcomes Insured- good to go; safe Long-term care insurance- care provided for you until you die Managed care health- health care plans Mortgage insurance- insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan No-fault insurance- your own insurer paid expense Non-managed care health insurance - provide care for a reduced cost Over insured- having too much insurance Premium- amount to be paid for an insurance company
Property damage liability- covers the cost of someone else’s property after an accident you caused Renter’s insurance- provides liability insurance and the tenant's personal property is covered against named perils such as fire, theft, and vandalism, it also pays expenses, when the dwelling becomes uninhabitable. Risk- taking a chance with an outcome that could be good or bad Term life insurance - life insurance that pays a benefit in the event of the death of the insured during a specified term Under insured- not having enough insurance Unemployment insurance- gives you money to support yourself until you find a new job Universal variable life insurance- type of flexible permanent life insurance offering the low- cost protection of term life insurance as well as a savings element - which is invested to build cash value Whole life insurance- life insurance that pays a benefit on the death of the insured and also accumulates a cash value Investing American Stock- third largest stock exchange by trading volume in the United States Exchange- the act of giving up one thing and receiving another thing in return Antiques- collectible object such as a piece of furniture or work of art that has a high value because of its considerable age Bear market- market in which prices are falling, encouragement of selling Big board- oldest stock exchange in the United States - NYSE Blue chip stock- stock of a large, well-established and financially sound company that has operated for many years Bond- agreement with legal force Bond fund- fund that invests in bonds Bond principal- a bond that obligates you to pay interest to the principal Brokers- a person who buys and sells goods or assets for others Bull market- a market in which share prices are rising, encouraging buying Capital gain- a profit from the sale of property or of an investment. Capital loss- investment or real estate decreases in value Collectibles- an item valued and sought by collectors Common stock- shares entitling their holder to dividends that vary in amount and may even be missed, depending on the fortunes of the company Diversification- action of making or becomin more diverse or varied. ɡ Diversified portfolio- Investing in different asset classes and in securities of many issuers in an
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- Fall '19